a) In arbitration between parties in two different countries:

1. the arbitrator may be an officer in a chamber of commerce or trade association for a third country.
2. the party who does not agree with the arbitrator's decision may pursue further litigation.
3. the host country party usually establishes the procedures for the arbitration.
4. none of the above

b) A bond is used when a company needs to:

1. borrow money over a long period of time.
2. borrow money over a short period of time.
3. pay a foreign company for imported goods.
4. exchange currency between countries.

c)Parties that can appear before the International Court of Justice include:

1. countries, companies, and individuals.
2. countries and companies.
3. only companies.
4. only countries.